COBOL stands for Common Business Oriented Language and is one of the oldest high-level programming languages used for solving COMPLEX business problems in different domains like business verticals, finance, security and administrative purposes. Following are the features of this programming language:

• Simplicity: It is an easy-to-learn language with a simple and wide VOCABULARY for syntax and has an uncluttered style of coding.
• Business-oriented capabilities: COBOL has advanced capabilities for file HANDLING that let it operate on HUGE data and can be used for simple to complex processing operations thereby being it the most popular technology for handling business transactions.
• Universality: COBOL is one of the oldest programming languages and has survived for more than 6 decades across growing business needs and has adapted across almost every platform, product and compiler.
• Scalability: COBOL is highly scalable, reliable and is also PORTABLE across different platforms. They provide variables control structures that make it easy to read, debug and modify.